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The latest update is out from Skin Elements Limited ( (AU:SKN) ).
Skin Elements Limited has disclosed that it received a shareholder requisition under section 249D of the Corporations Act from Kingsbury Wealth Pty Ltd, which holds 7.3% of the company’s ordinary shares and is controlled by director Roderick Nicholas. The notice calls for a general meeting to vote on the proposed removal of fellow director Filippo (Phil) Giglia, with the company required to convene the meeting within 21 days and hold it within two months, signalling potential boardroom tensions that could influence governance and strategic direction for stakeholders.
More about Skin Elements Limited
Skin Elements Limited (ASX: SKN) is an Australian biotechnology healthcare company focused on commercialising its proprietary anti-microbial SE Formula through natural and organic health care products. Its portfolio includes plant-based disinfectants, bio-stimulants, alcohol-free sanitisers, natural and organic sunscreens, therapeutic skincare, and cosmetics that are distributed globally.
Current Market Cap: A$15M
See more insights into SKN stock on TipRanks’ Stock Analysis page.